Why You’re Getting This Issue

Notes from My Journal:

Yesterday, I topped the issue with a photo of the sunset from the porch of our house here in Nicaragua. Above is a photo I took a few minutes ago from that same porch. The reason for the repetition is that I haven’t left the house since I got here on the evening of the 25th. I haven’t walked to the beach. Or the clubhouse. Or the restaurant. And despite self-promises to the contrary, I haven’t been to the gym at Fun Limón. In fact, the rental car that brought me here from Managua is still sitting in the driveway – just where I left it.

I’m hunkered down here because I have a shitload of work I need to get done before the troops arrive on Saturday. And because I know that if I show my face anywhere around the resort, I will have lots of fun and pleasant conversations, and lots of people coming over to say hi, but I won’t get anything done.

You may be wondering why you are getting another issue just a day after the last one. That is because I made another self-promise: to publish more than eight issues this month.

Yesterday’s was the eighth April issue. And with just one day to go before the end of the month, I had to find something for one more issue that wouldn’t take much time to prepare.

So what I’ve done is sorted through the more than 100 video clips I’ve saved over the past few months and selected about 30 that I thought you might enjoy. To make your picking and choosing easier, I’ve tagged them with the requisite adjectives (Funny, Inspiring, Informative, Disturbing, etc.) and, wherever possible, noted the time it will take to watch each one.

The April All-Brief Issue

Fascinating: 10 amazing inventions that were destroyed. (4:18)

Informative: Sugar can feed cancer cells. You may have heard that. I had. I’ve even read about it. This short clip from a 60 Minutes episode explains it clearly. (1:33)

Inspiring: A video biography about the short but brilliant life of Maryam Mirzakami, an Iranian mathematics genius.

Disturbing: How does AI feel about being used for warfare? (2:34)

Contrarian: “Michael Masterson” on how long you should persist with your great idea. (1.08)

Unbelievable: Nick Shirley asks New Yorkers about Mayor Mamdani’s White People tax. (28:16)

Edifying: An Iranian lawyer in exile has a message for all Americans about the Iranian regime. (1:58)

Worrisome: Reporting on Nigerian scammers hitting up American tourists in Japan. (8:23)

Impressive and Adorable: Super-cute kid from Manchester proves that he can play an acoustic guitar. (2:38)

Clarifying: A proud Muslim refutes some common misinformation about Israel.

* Impressive: Woman with a great voice and amazing vocal range does live looping. (0:58)

Funny and Painful: Gen Z testing university students with some grammar school questions. (10:13)

Not Surprising: An update on Mayor Mamdani’s $30 million grocery store election promises. (1:47)

Worrisome: Muslim Sharia horseback police patrol and force British women to wear hijabs. (15:12)

Head-shaking: How to get yourself a mansion without paying for it. (28:22)

Affirming: The psychology of people (like me) that don’t follow sports. (9:37)

Baffling: Ilhan Omar and her $30 million mistake. (50:04)

Interesting: What killed the transgender movement? (28:16)

* Informative: How streaming platforms detect your AI music. (6.32)

Satirical: He has created a great persona for pulling off these satires with such humor.

* Heart-warming (from GM): Being chosen by animals is a rare privilege that words can’t fully define. (0:12)

Interesting: A day in the life of a modern chossid in yeshiva. (29:21)

Revealing: Iranian model talks about why she left her country and came to the USA. (29:21)

Alarming: What’s happening in New York City can’t be stopped. Not even by Mamdani, (23:28)

Impressive: Why Sophie Cunningham has never spent a penny of her NBA salary. (0:58)

Surprising: Saks Fifth Avenue is going bankrupt. (23:38)

Ironic: New York State’s governor is begging big taxpayers to come back home. (13:55)

Incredible: What happens when you put ChatGPT inside a robot? (14:57)

Looking Forward to a Busy Week in Nicaragua

Notes from My Journal:

I’m back in our pied-à-terre in Nicaragua. As always, I’m kicking myself for not coming down here more frequently and for longer stretches of time. Nicaragua is one of the most beautiful of the Central American countries, and the Pacific coastline towards the south, where Rancho Santana is located, is one of its prettiest parts.

For 30 years, since my first, exploratory trip in 1996, getting here from the airport in Managua has been a bit of a chore. In the early days, only the first 90 minutes of the drive was on pavement – a narrow, winding two-lane coastal road. After that, it took another two hours over dirt roads.

Gradually, some of those dirt roads were paved, and culverts were installed under the low areas that flooded during the rainy season (September through November). Two years ago, the trip was 80% paved. And this time, I went all the way from the airport in Managua to the resort on paved roads, cutting what was once three and a half hours of semi-rugged trekking into smooth cruising in less than two hours.

This is the end of the high season for tourism on “the Emerald Coast.” The temperature ranges from 80 to 90 in the daytime, and back down to the 70s at night. It rains occasionally, but not as hard as it does during the rainy season. Just enough to keep splashes of green on the hills and mountains in the distance.

I’ll be busy next week, taking part in a yearly get-together for our publishers and their key people from our global profit centers, including France, Germany, Ireland, the UK, Argentina, Australia, and Japan. (I think I’m leaving one out.)  I’m looking forward to the brainstorming sessions, the strategy discussions, and to seeing older versions of the young people I mentored decades ago.

The following article was written specifically for my Japanese Legacy Wealth Monthly subscribers who have young children or grandchildren. It’s about the “mentoring” K and I did with our own kids when they were young. I’m reproducing it here because, when I looked it over, I not only saw the connection to the mentoring I’ve done in business, I realized that it should be of interest to anyone who wants to have the best possible chance to succeed in whatever field they’ve chosen to go into.

Teach Your Children Well

When I was a young father, I wanted my young children to be very good at everything they did. I wanted them to be very good students, very good athletes, very good thinkers, etc.

They never took a great deal of interest in sports, but they did well enough in school to make me proud.

By the time they had become young men, my desire for them to excel at everything had evaporated. In its place was something else: satisfaction in knowing that they had become not only independent, but caring and kind adults.

Many parents, I believe, experience this same shift. When their children are small, they want to see them excel because they believe that childhood performance is an indicator of future success. But as time passes, they come to have a more realistic view.

Still, there are parents who can’t let go. They believe themselves to be good parents because they are always “there” for their kids. What they are really doing is making their children less able to take care of themselves.

Writing about this got me thinking. K and I did a good job in raising our boys – but if we could start over again, what qualities and skills would I put even more emphasis on to ensure that they would enjoy a full and productive life?

This is what I came up with…

The Five Master Skills: Thinking, Writing, Speaking, Persuasion, and Reading 

1. Thinking Well

Thinking well means having the capacity to reason. It means being able to assess, analyze, and solve problems. It means being able to create and follow a trend of thought. It means being able to separate good ideas from bad ones. It means understanding logic.

Having the ability to think well gives you a great competitive advantage. It allows you to solve problems and accomplish objectives quickly and efficiently. It distinguishes you as smart and capable.

In thinking about thinking, we must remember that there is a difference between thinking well and intelligence. Intelligence is a natural ability. Thinking well is a skill. And, like any other skill, it can be learned.

If it can be learned, it can be taught. And there are at least three ways that you can teach your children to think well.

* Through thoughtful conversation. By taking the time to walk them through problems and obstacles, asking them questions and questioning their answers, and encouraging them to have their own ideas. (You can’t be a good thinker unless you have the confidence to think for yourself.)

* Through a good formal education. By that I mean one that emphasizes the liberal arts: literature, language, history, and the fine arts. Some knowledge of science and mathematics is helpful, but, unlike what your children can learn from the liberal arts, science and math are skills that are unlikely to make them anything more than worker bees.

* By exercising diligent control over their use of computers, video games, television, and access to the internet generally. K and I unplugged our TVs during the years that our children lived at home. We banned video games and limited their time online. We did, however, encourage them to “play” educational games online – and there are thousands that you can download for free or for a few dollars.

2. Speaking Well

As with thinking well, we need to make a distinction here. Speaking well involves grammar and diction, but “proper”  grammar and diction is not as important as the ability to express your thoughts concisely and clearly.

So, how do you teach your children to speak well?

The most obvious way, of course, is by speaking well yourself. Small children absorb what they hear like sponges.

3. Writing Well

Writing may seem to have become less important in the internet age, but even texting is writing. And as your children enter into the “real” world, having the ability to express themselves well in memos, business letters, proposals, etc. will become increasingly valuable.

As with speaking well, writing well is the skill of expressing worthy ideas concisely and clearly. And for the most part, if you can speak well, you can also write well.

The best way to teach your children to write well is to encourage them to spend some time, every day, writing. You might encourage them, for instance, to write to an out-of-town relative, or to find a pen pal, or to journal.

4. The Skill of Persuasion

Persuasion deserves special mention here because it is the skill that will give your children the biggest advantage in accomplishing their short- and long-term goals. That includes everything from getting a job, to getting a promotion, to buying and selling anything, which translates into building wealth.

Like teaching your children how to think, speak, and write well, teaching them persuasion skills is a process that you should begin almost as soon as they are born. And you can do it simply by creating a safe (and fun) environment for your family where discussion and debate are encouraged.

My siblings and I were fortunate to have parents who were not only good at debating, but enjoyed debating ideas almost as a game. So we grew up enjoying it, too.

5. Reading Intelligently

By reading intelligently, I mean analytically. On one level, you are taking in information. On another, you are analyzing it. And you can’t read at this higher level unless you have done a great deal of reading as a child.

K and I encouraged our boys to read not only by limiting their access to television and the internet but by allowing them to read anything. It didn’t matter what it was. That may seem Draconian by today’s standards, but it had a marvelously positive effect. All of our children became active and voracious readers.

The Smaller Skills

And then there are the smaller skills.

I’m talking about skills that aren’t vital to success in the traditional sense but are, nonetheless, important. Having good manners, for example. And being kind. And – oh, one more thing: knowing how to sing and dance.

If you can teach your children all of these skills – the big ones and the small ones – they will be equipped to lead an independent, productive, and fulfilling life. They will stand out in any group (at work or outside of work) because of their ability to acquire the knowledge they need on any subject, express good ideas about those subjects concisely and clearly, and persuade others to help them achieve their goals.

On top of all that, they will be able to sing and dance.

Naval Ravikant: The Angel Philosopher

The Knowledge Project is one of hundreds of blogs where the host interviews minor celebrities in different fields and disciplines, picking their brains to find tricks and techniques that subscribers can use to improve their own lives.

In this interview, done in 2019, host Shane Parrish speaks with Naval Ravikant, the founder and CEO of Angel List, the largest platform for tech startups, and an early investor in some of the most successful start-ups of the past 20 years.

I’d never heard of Ravikant before listening to this. He’s clearly a smart and thoughtful person. I thought you might like to get acquainted with him.

A Surprise Visit to Key West

Notes from My Journal:

K surprised me with a three-day visit to Key West, which is a favorite place of mine to spend a few days. I like San Francisco. I like New Orleans better. But Key West is my favorite place in the US that doesn’t feel like the US. It feels more like what the natives call it: the Conch Republic – a city that feels like it seceded from the US 100 years ago.

Everything that matters to me is different there. The look of the place – an accidental mix of stately Victorian mansions, wooden conch houses, and shotgun cottages – is unlike that of any other city in the world. Its literary history (having hosted the likes of Ernest Hemingway, Tennessee Williams, Robert Frost, Elizabeth Bishop, John Dos Passos, and Judy Blume) – second in the Americas only to New York City’s – is a treasure for fiction and poetry buffs like me. And its culture – distinctively contrarian and insistently anti-bourgeois – is just what my spiritual doctor ordered.

We hit all the regular sites – the Hemingway Home, the Audubon House, and Truman’s Little White House, as well as Sloppy Joe’s Bar, the lighthouse, the Custom House, the quirky cemetery, and Mallory Square. We spent a full afternoon enjoying my favorite Key West pastime – walking the old town. And we availed ourselves of mouthwatering meals at the many modest but delightful little cafés and restaurants that populate almost every city block: a delicious breakfast at the Harbour View Café, fresh snapper at the Red Shoe Island Bistro, a juicy New York strip at the Prime Steakhouse, and superb pasta dishes at Antonia’s.

I did my best to limit my “working” time while we were there to just a couple of hours a day, but that was more than enough to discover all sorts of unappealing things that were happening up north in the USA, such as the following…

Is This Right Wing Lawfare? Or Did the SPLC Actually Do This?

If you’d told me 20 years ago that the Southern Poverty Law Center would be sitting under an 11-count federal indictment for fraud and money laundering, I would have laughed it off. Back then, in my mind, they were one of the good guys. They went after the bad guys – businesses, municipalities, and individuals that were actively and obviously suppressing the rights of impoverished Black Americans.

I haven’t followed the SPLC closely, but over the last decade it’s been hard not to notice the drift. The mission expanded. The targets changed. And the tone began to feel less like courtroom advocacy and more like political positioning.

For example: They broadened their “Hate Map” to include mainstream conservative and religious organizations like the Family Research Council and Alliance Defending Freedom. They published a 2016 “Field Guide” labeling a range of commentators as “anti-Muslim extremists.” And they increasingly weighed in on issues like immigration, gender politics, and parental rights – territory that looked a long way from their original civil rights brief.

Still, I was stunned by the latest accusations. According to the indictment announced by acting Attorney General Todd Blanche, the SPLC is alleged to have funneled more than $3 million in donor money to individuals tied to groups like the Ku Klux Klan and neo-Nazi organizations between 2014 and 2023 – using fake business names to do it.

Now, an indictment isn’t a conviction. And in today’s political climate, both sides have shown a willingness to weaponize institutions when it suits them. Some widely reported stories in recent years haven’t aged especially well.

The Trump-Russia “collusion” story drove headlines for years without establishing a criminal conspiracy. The “Bountygate” story about Russian payments to Taliban fighters later came under serious doubt. And the Hunter Biden laptop story was initially dismissed as disinformation before key elements were verified.

So yes, skepticism is warranted.

But then there are the things we already know.

Take Maajid Nawaz, a former Islamist who became a prominent critic of extremism. The SPLC labeled him an extremist anyway. He sued – and won a $3.4 million settlement and a public apology. That’s not a gray-area outcome. That’s a clean loss.

Others, like Daniel Pipes and David Horowitz, were swept into similar categories, raising a basic question about whether the definition of “extremism” had quietly expanded to include inconvenient opinions.

The most troubling allegation now is the idea that the SPLC may have had a financial incentive to amplify the very threats they warned about. After the Charlottesville rally, for example, revenue reportedly jumped from about $50 million to $132 million in a single year. Donations poured in. The business of fighting hate was booming.

That kind of feedback loop isn’t unique. In financial publishing, conservative newsletters tend to sell best under Democratic administrations, and the reverse is also true. Fear sharpens attention. Attention drives revenue.

But if the indictment is even partly accurate, this goes well beyond that. It suggests not just benefiting from the cycle but feeding it.

Again, we don’t know how this ends. But I can say this without hesitation: Ten years ago, I would have dismissed accusations like these outright. Today, after watching the SPLC evolve into something that looks less like a civil rights law firm and more like a well-funded political brand with a blacklist attached, I read them and think, “That’s not crazy.”

Just the Facts 

* A federal grand jury in Montgomery charged the SPLC with wire fraud, bank fraud, and money laundering, alleging over $3 million in payments to members of the KKK, Aryan Nations, and similar groups using fictitious entities. (grand jury indictment, 2026; reporting summarized in second article)

* Prosecutors claim the SPLC paid $140,000 to a former National Alliance chairman, $70,000 to a National Socialist Party leader, and $19,000 to an American Front figure. (indictment details cited in Matt Taibbi article, 2026)

* One SPLC-paid source (“F-37”) is accused of participating in planning for the 2017 Charlottesville rally while receiving roughly $270,000 over several years. (grand jury indictment summary; second article)

* The SPLC paid $3.4 million and issued a public apology after labeling Maajid Nawaz an extremist – one of the most high-profile retractions in its history. (settlement, 2018; widely reported)

* Individuals like Ayaan Hirsi Ali were labeled “anti-Muslim extremists” despite documented threats against their lives from jihadist groups. (second article; SPLC “Field Guide,” 2016)

* A Pulitzer-nominated 1992 series in the Montgomery Advertiser concluded that SPLC’s primary activity had become fundraising, often tied to expanding “hate group” classifications. (Montgomery Advertiser, 1992; referenced in Taibbi article)

* Reports have cited millions held in offshore accounts (e.g., Cayman Islands, Bermuda), while CharityWatch (a nonprofit watchdog organization) previously gave the SPLC a failing grade for hoarding funds rather than deploying them. (CharityWatch; tax filings reported 2017; second article)

* Following Charlottesville, SPLC revenue reportedly surged from about $50 million to $132 million in one year, with major corporate donations from firms like Apple and JPMorgan. (second article; donation disclosures)

* In 2012, attacker Floyd Lee Corkins targeted the Family Research Council after reportedly using the SPLC’s map. A security guard was shot. (FBI statements; widely reported case, 2012)

* Journalists like Ken Silverstein (Harper’s, 2000) and later critics have argued the SPLC inflated threats to sustain fundraising, a pattern echoed in recent “hate inflation” critiques. (Harper’s; Taibbi, 2026)

Worth Considering: The Ayaan Hirsi Ali Case

I don’t know if you have heard of Ayaan Hirsi Ali, but she is a Somali-born Dutch American public intellectual, a former member of the Dutch Parliament, and a research fellow at institutions like the Harvard Kennedy School. She has spent much of her adult life doing something that is both rare and dangerous: criticizing radical Islamist ideology from the inside, using facts, personal experience, and a fair amount of courage.

Her credibility on the subject isn’t academic in the abstract. It’s personal. In 2004, her collaborator, Theo van Gogh, was murdered in Amsterdam by an Islamist extremist. A death threat was pinned to his body – addressed to her. She has lived under armed protection ever since.

In 2016, the SPLC placed her on a list of “anti-Muslim extremists.”

Think about the timing. ISIS was still active. Terror attacks had hit Paris, Brussels, and elsewhere. Writers and cartoonists were being targeted. And in that environment, the SPLC chose to publicly categorize a woman under constant threat from jihadists as part of the problem.

No apology was issued to her.

If you want a single example that captures how far the organization may have drifted from its original purpose, it’s hard to do better than that one.